Last Updated: | Author: Benjamin Smith | Topic:
Date: March 3, 2017
As of January 2017, the median price of 3 bedroom single family homes in the Indianapolis metro area was $130,000.
However, in some neighborhoods it’s still possible to purchase fully renovated R.E.A.L. turnkey property for less than $100,000 – AND rent them for an average 1.01% of the purchase price.
A few more reasons to love Indianapolis:
- With a metro population of nearly 2 million people, Indianapolis is the 2nd largest city in the Midwest and 14th largest in the U.S.
- The city has poured billions of dollars into revitalization and now ranks among the best downtowns and most livable cities, according to Forbes.
- The Indy metro population has been growing at a steady 1.05% per year since the year 2010.
- Between December 2015 and December 2016 there were approximately 20,401 new jobs created in the Indy metro. This puts Indy’s annual job growth rate at 1.98% for 2016.
If you want to learn more about the exciting investment opportunity in Indy… watch this webinar and meet our R.E.A.L. turnkey property team in the area.